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FOX Business
Nov 23, 2012 3:00pm EST
on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effort on capitol hill and a new advertising campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. the basic message is don't touch entitlements in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. as for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly saying what they have been privately saying helps the american people understand where obama's in trend and comes from
FOX News
Nov 25, 2012 11:00am PST
. then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a thanksgiving tradition, our power player of the week has me dancing with turkeys, all right now on "fox news sunday." >> chris: hello again from fox news in washington. on this holiday weekend we're watching several major foreign policy developments from egypt to gaza to the continuing converse over the benghazi attack. to talk about it all is senator john mccain. welcome back to "fox news sunday." >> thank you. dancing with turkeys? >> chris: you'll have to wait until the end of the show to see. >> that's what we're doing now. >> chris: let's start with egypt where president morsi granted himself unchecked powers and sent thousa
FOX Business
Nov 23, 2012 9:00pm EST
in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. as for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly saying what they have been privately saying helps the american people undetand where ama's in trend and comes from but nothing has changed. >> the issue i in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. republicans saying they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black frida wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. ff: a few of them but the majority were not wal-mart worke
FOX Business
Nov 25, 2012 8:30am EST
. and more an half sing the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the
FOX Business
Nov 20, 2012 9:00pm EST
all of this. ben bernanke has strong words for lawmakers and the president fixing the fiscal cliff now or else. details next. gerri: fed chief ben bernanke gettingiving a big speech in ne gerri: federal reserve chairman ben bernanke speaking today at the new york economic club in new york city, and his message to lawwakers in washington, fix the fiscal cliff and don't kick the can down the road. the commons the fed chief has everybody talking. john, always great to see you. i want you to respond to something the fed chairman had to say this afternoon. listen to this. >>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded every
FOX News
Nov 23, 2012 1:00pm PST
of this fiscal cliff that if my opinion, at least, is starting to hurt spending. >> it is hard to believe because why like toship but a lot of people go because it is a celebration thing, a lot of them are tag about it is like a party like lining up to see the ball drop on new year's so it is not just deal seeking. >>guest: it is becoming a huge event. you have to credit the retailers and the media for building it up because it is a big part of our economy and a quarter of the sales will be taking place here for the year take place in the next couple of weeks, but the fiscal cliff is out there. the fiscal cliff for the consumer is the worst thing that has happened since paris hilton released her debut music album, and there is not a lot of hope for congress to resolve anything. >> but consumer confidence is at a file year high so it must translate into opening of the wallets? >>guest: that is a fair point but if you look at the most recent consumer sentiment survey, you talk about future expectations, they are lower when than the last few months, and the lower expectations are because of the fisc
FOX Business
Nov 21, 2012 4:00pm EST
cliff. the markets were kind of a honeymoon today. where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european issue is also something on the traders minds. the emergency meeting monday, we have to resolve issue with grief that will be firs first and fort on their minds into next week. david: they're never going to resolve that issue. it will never, ever happen. i don't think they will resolve it. you bring up a great point because if worst-cas worst caseo we go over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend issue we have talked about before overplayed maybe an over
FOX News
Nov 21, 2012 1:00pm PST
friday protests are planned and sandra tracking shoppers fearing the fiscal cliff. william, from lax? >>reporter: a bad travel day is a nightmare for thousands as the fastest growing union in the country is holding a protest on the business of the travel day of the year at the third busiest airport in the country. in was designed to turn this road, way you get into lamb, into a parking lot and they have succeeded. what is bad if travelers is good for the union. they are bringing publicity to an issue that local news and the media would otherwise not cover and that is basically a labor dispute with a small company employing 400 workers. they are protesting a vote by a company, by the workers, decertifying the union, throwing them out, so to speak. >> it is frustrating because they are trying to get home to their families. on a holiday. where people want to see their family. that is crazy. no notwithstanding you. that is how i feel. >> they have something to say. the constitution protects our right to protest. doesn't it? let them do it. more power to them. >> so, they are protesting t
FOX News
Nov 22, 2012 3:00pm PST
. >> in the scramble to avoid the fiscal cliff, both the president's plan to raise taxes on the wealthy and the republican willingness for revenues could end up hurting charities and rely on the kindness of people with money. >> high income people tend to give very generous gifts. they may give a million dollar contribution to a capital campaign of a local hospital or a local art museum and a small number of donors at the high end that account for really big chunk of the charitable giving in this country and those are the folks that we'd be most impacted by this tax policy change. >> in fact, united way gives 15% of total donations, 500 million dollars a year, from those who give $10,000 or more. so, charities worry that any kind of tax increase on the wealthy could cut into their donations and that money from the wealthy would go to the government in taxes, instead of the charities as donations. >> yes, they aren't taxed on that income, then they're able to give all of that income to charities and nonprofits, back to their communities. >> after all, people have to pay their mortgages a
CNN
Nov 26, 2012 1:00pm PST
people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected by a failure to solve the fiscal cliff problem. despite this nationwide sense of urgency, there's only a little talk of compromise right now as lawmakers return to washington. our congressional correspondent, kate bolduan, has been working her sources on capitol hill and what's going on. stakes are enormous right now. what's going on? >> they were away for a week. staff was supposed to be working. but lawmakers are arriving back in town with no real whisper of an imminent breakthrough at the moment to avoid this looming series of tax increases and spending cuts that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments
FOX News
Nov 22, 2012 1:00pm PST
have haven't, this is going to make you want to puke. 39 days away from a fiscal cliff it turns my stomach because i have been trying to avoid the fiscal cliff. i have a lot to do. i took it upon myself to try to save the country and broker a deal, to try to get them hopping on the trillions of dollars worth of automatic spending cuts and bush tax rates that expire the same second, at stroke of midnight january 1, 2013. with the biggest names in the business community, in the political community, we tried, again and again, to come close to the crisis that could have been avoided at 39 days out remains a chasm. hear their woes, their worries, about being on the brink. fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil
CNN
Nov 26, 2012 2:00am PST
this morning. congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any shopping? >> absolutely not. there's too much football. >> don't you love it? >> good morning. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. 5:00 a.m. in the east. so let's get started. they are back. our lame duck congress returning to capitol hill today. the senate in session this afternoon. the house back tomorrow. and with 35 days left, as john just reminded us, before we plunge down the fiscal cliff, two prominent republican senators, lindsey graham and saxby chambliss are signaling they are willing to give a break the no tax pledge. that is a hopeful sign, folks, because
FOX Business
Nov 20, 2012 10:00pm EST
of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout from the failure to avoid going over the so-called fiscal cliff. th dow jones industrial today losing seven points, s&p, nasdaq up fractionally. president obama returned to the white house after a three day trip to -- through southeast asia with stops in cambodia, thailand, and burma. the president takes part in a yearly presidential tradition. the parting of the national thanksgiving turkey in the rose garden. the prime minister of israel reiterating tonight that the cease-fire deal has been reached he told reporters that israel will take whatever action is necessary to fend its people but stated a diplomatic resolution would be preferred. joining as fox is national-security analyst, former ambassador to the united nations. let me turn to you first. is it your sense that a deal has been reached between hamas and israel? >> because israel has accomplished the objectives, take out the missiles in gaza. we think this iall about israel and ham and
FOX Business
Nov 21, 2012 10:00pm EST
fiscal cliff, right now we're up by 12% from our 12 month low. in terms of a month long average that is pretty good, investors are not as frightened as they were some days ago regarding possibility of higher taxes, for capital gains and dividend. lou: they are still in prospect, all of it is. we have folks introducing bills to defer the whole thing for a year now. and the president is making nice, he is talking with ceos, seeming leally almost every othr day. >> market thinks we have a kinder and gently barack obama, who knows that might be correct. but who knows, business sales show no signs of improving sig 1/2 cannily, we'll issue watching what happenshis week into start of the holiday shopping scene very closely. lou: at wha point do we just acknowledge we're sort of you know bumbling along, economically, that the markets are outperforming the economy. and if we look at this right now, there is a project here that from index of leading economic an kate or to market's behavior that says we have good things in store here 6 months down the road. >> equity can live with 2% gdp g
FOX News
Nov 26, 2012 3:00pm PST
anything to avoid it. i'm referring to the so-called fiscal cliff. you may have heard about it. it's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >>
FOX Business
Nov 24, 2012 10:00am EST
with the fiscal cliff. i want to go to your call for a special prosecutor. on benghazi, but, going to the fiscal cliff, the speaker making it very clear, that he's going to approach the negotiation of the white house, on the cliff, positively with some sense at least of accommodation, potential accommodation, if his terms are met. that is positive stuff, don't you think? >> well, it is positive. but, there's a lot of pressure, right now, and, of course, pressure is what you can use to take care bonn and make diamonds. this is the time to be bold. this is not the time to be defensive and i'm glad the speaker has come forward with a proposal but, the thing is, we ought to be taking the president's words and sticking them back with him. he wants everybody to pay their fair share. let's do it. let's have capital gains, 15%. let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in perc
FOX Business
Nov 21, 2012 9:00pm EST
for washington to come up with a solution to the fiscal cliff, another group of folks expected to meet -- expecting to get hit hard. i'm talking about college savers. my next guest sa many families will be worse off next year compared to this year. here to explain, founder an publisher of stayed. welcome back to the show. always great to have you. let's start with this idea. what is the fisc cliff? what is it going to do if we take the budget cuts to college studts aids? >> well, in two ways. the sequestration will cut all student aid but the pell grant by percent across the board. the pell grant sheltered in 2013. come 2014 and also will be cut automatically by 8%. american opporunity tax credit expires the end of 2012 as well. gerri: it sounds like -- and here is your number right here. the fiscal cliff hits it could result in a percent cut in federal student aid. clearly people are going to seek higher costs for college. how can a company that if they have to do it on their own diond cannot borrow money? >> they need to say before college. every dollar you save is a dollar less you
FOX Business
Nov 25, 2012 8:00am EST
the fiscal cliff. is the union clash with businesses a bigger threat to jobs? from protesting wal-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance for anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when bunesses are hting and at a time when they're uncertain about labor costs and this is goi
FOX News
Nov 25, 2012 9:00am PST
. congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax ra
FOX Business
Nov 21, 2012 5:00pm EST
because of the fear of the fiscal cliff and higher taxes. in some cases they are laying off, those are troublesome things. even if they resolve the fiscal cliff, higher taxes will mean less spending in the economy and less reasons to invest and hire more people. melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans t
FOX News
Nov 26, 2012 3:00am PST
busy over the weekend. talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but h
CNN
Nov 25, 2012 3:00am PST
and congress finally see eye to eye on the fiscal cliff? we're just over 24024-inch hours from the start of bargaining time. >>> plus -- >> push one of my kids and i will stab you. >> the crowds are rowdy, rough, and downright rude, and the holiday season has only just begun. -- captions by vitac -- www.vitac.com >>> it is sunday, november 25th. good morning, everyone. i'm randi kaye. overnight protesters clashed with security forces. this was the scene in. cnn's reza sayah is live this morning. how far are they actually spreading now? >> randi, the protests seem to be spreading. according to the interior ministry starting last night and continuing on to terrell morning hours, there were protests, demonstrations in the northern city. according to the government officials, they tried to attack the offices of the muslim breerhood and that's when you had clashes between the muslim brotherhood and their supporters and anti-mohamed morsi protesters. there were a number of injuries there. also reports of demonstrations in the city of as yut. i'm going to carefully step aside and have a live lo
MSNBC
Nov 25, 2012 9:00am PST
's good. thank you for that, dylan. >>> let's go to front-page politics. the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >> the commitment that he made to the people of georgia was not to me. it was to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to d
FOX Business
Nov 21, 2012 11:00pm EST
congresso spare them on any deaof the fiscal cliff. this on top of unions everywhere flexing their muscles. airports, retail stores, hospitals. it's time to say this gravy train is over. dave, when you have? reporter: all the excesses of government and the phony rules and regulations and useless rules, these unions thre on that. the postal employees union is extraordinary. federal and postal employees are struggling during these hard times. no other group has been asked to financially contribute in the way that they have. we know that they are making twice as much of a comparable job and the private workforce. >> there is no gravy train left. america it is not in the 50s anymore. companies along the lines of this, they can't handle the higher pay rate. there is no future for private and public jobs growing in the sector. charles: in the private sector it is all about this. if they had a really from the white house and national labor relations board. it seems like a favorable media right now. they are on the attack. i don't know if this will backfire or not. holding up traffic at lax and th
CNN
Nov 24, 2012 7:00am PST
holmes. you'll be back with me later this hour. we're going to talk about the fiscal cliff and how one leading republican may be ready actually to break ranks with his party to get a deal done. so we'll see them just a little bit later. >>> small businesses struggling to recover after superstorm sandy. we'll introduce you to one business owner who is trying her best to stay afloat. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year
FOX News
Nov 24, 2012 9:00am PST
phenomenon. and many will be mourning the larry mag man. and the taxing fiscal cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later today investigators are assessing the damage done to buildings near a strip club that exploded yesterday. a national gas explosion leveled the building. 18 people were injured there and first responders had evacuated the building when it exploded. listen up. there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and
FOX News
Nov 23, 2012 8:00am PST
-called fiscal cliff, and they're not holding back. elizabeth macdonald is with the fox business network. okay, liz, so who are these corporations, and what exactly are they saying? >> good to be with you, arthel. it's walmart, cvs and wall greens. walmart or is basically saying, look, customers don't need the uncertainty over tax increases, and let's get to cvs caremark because these two drug store chains are basically making rare public policy statements that we've never seen before from these companies. they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american families depends on a consensus agreement in washington, d.c. to avoid the fiscal cliff, and walgreens
FOX News
Nov 25, 2012 3:00am PST
return to capitol hill tomorrow to try to work on a deal to avoid that fiscal cliff you've heard about a time or two. >> clayton: yeah, peter doocy live in washington this morning with the latest on where these negotiations stand and we can expect, i guess, tomorrow, peter, they get back to work after thanksgiving? >> reporter: that's right, clayton, so far just one meeting we know about the small, but bipartisan group of lawmakers trying to speteer the country away from the fiscal cliff and represent their parties. right after the bat after the first meeting speaker boehner told us he's ready to agree to new revenue in a deal, but the deal needs to be balanced. >> to show to your seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue that revenue on the table. it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> democrats, obviously, control the white house and the senate, but they still need the republican-le
PBS
Nov 28, 2012 3:00pm PST
. >> brown: washington was a-whirl today with more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated from the white house and the capitol today, about getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. t
CNN
Nov 24, 2012 3:00am PST
. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there are 38 days left till we reach the fiscal cliff
FOX Business
Nov 20, 2012 8:00pm EST
message. unions looking to hijack fiscal cliff talks by trying to convince democrats and republicans to take a sharp left. launching an ad campaign telling both parties to raise taxes and don't dare budge on those entitlement cuts. former new york mayor rudy guiliani says the push to the left just isn't right. mr. mayer, a lot of money, a lot of money at stake. you know all the people involved, all of the groups are going to come out. >> critical straitening out of the fiscal disaster, dealing with expenditures. where the republicans have to give on revenues, they only have to give on revenues if you get really good cuts in expenditures this is a terrible message. maybe good for the unions, but it is bad for the country and our children because of this does is increase the debt under which they are operating and which is already getting close to historic. tom: the thing about all this, it seems like we are getting into a semantic battle because i was reading through the statement said the union leaders , spending a lot of money advertising, especially to republican congressional folk
CNN
Nov 26, 2012 4:00am PST
? 35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when you're $16 trillion in debt, the only pledge we sh
CNN
Nov 23, 2012 11:00pm PST
that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> everybody in the world will vote for a tax for the other guy
FOX News
Nov 20, 2012 7:00pm PST
chairman ben bernanke is calling on washington to strike a deal averting the fiscal cliff. he said a failure to do so could cause heavier and financial costs than the debt debacle of last year. hogstess, they will go to mediation to try to resolve their differences and save 18,000 jobs. holidays apparently such a source of financial stress 45% of those surveyed said they would rather skip. 45% use layaway programs as way to handle the financial burden. log to to fox business.com giving you the power to prosper. >> greta: obamacare may be the law of the land but that is not stopping many republican governors. they are still keeping up their fight. mary fanlon is not giving up the fight. the governor joins us. nice to see you? >> nice to see you. >> greta: tell me why don't you want to set up a stated exchange and defer to the default one? >> well, basically oklahoma said thanks but no thanks. we have a disagreement where the obama administration and the affordable healthcare act and in the state of oklahoma, they voted by a large margin, almost 65% we oppose many portions of the aff
FOX News
Nov 25, 2012 4:00pm PST
waiting and watching to see if our officials can keep us from going over the so-called fiscal cliff, more specifically, that's a series of tax increases and spending cuts together set to go into effect on new year's day if they cannot agree on a budget before then. president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security a
MSNBC
Nov 22, 2012 5:00am PST
of the nation's top ceos, to lawmakers about the fiscal cliff. ceo of goldman sachs says what's in this deal is less important than just getting a deal done. >> going over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is, you know, a source of people's wealth. people will feel poor. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. >> washington playing with fire? >> yes. yes, washington is playing with fire. and you don't get -- it's not like a football game when you get the two-minute warning. they don't tell you when you have -- you only get one more chance. >> let's bring in robert, republican strategist and richa richard, a strategist. good morning to you, guys. he said if the retirement age goes up, it is secondary to getting an actual deal. so what does that say? i'll give that to you, richard, first. >> look, business leaders have actually been very strong in a balanced approach. some revenue, some entitlemen
CNN
Nov 21, 2012 8:00pm PST
if we want to avoid the fiscal cliff, obama care must go. and a judge says hostess, well, has to make a decision on whether twinkie dies forever. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping m
FOX Business
Nov 23, 2012 10:00pm EST
. by $6 trillion., that is his initial bargaining position on the fiscal cliff. he wants to do that over thethis next decade. it works out to 160 billion per year in taxes.o republicans are howling aboutup? it, but are they wrong to do so. let's take a look at some rlier numbers.ar earlier this year, the president unveiled a 3.8 -- i love this. we just talk about these numbers like there's nothing to it. them $3.8 trillion budget. he forecasted a $1.3 trillion deficit. th so that means, if i can figure this out, $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion left for next year. our national deficit iss big pl $16 trillion. everybody knows that. the president's bignt plans, he just wants $1.6 trillion in new taxes.t here is how he wants to get there. first he wants to raise 849 billion. by allowing the bush tax cuts -y there they go. taking him away.f the very first of december of this year. incom incomes of more than $250,000, 849 billion includes 206 billion in higher taxes on dividends. $123 billion on limiting i'm itemized deductions.pital higher taxes on capital
MSNBC
Nov 21, 2012 6:00pm PST
on your thanksgiving table and say a two-word phrase that starts with fiscal and ends with cliff. your uncle at thanksgiving will say we have to do something about that fiscal cliff and really we have to do something to fix our sky rocketing deficit. our national deficit that he will tell you has been going up and up and up like a rocket and spiraling out of control like a something going out of control and paul ryan is just so right and if congress and president obama do not do something to stop the sky rocketing deficit, to sop up the red ink, if they don't by new years or whatever the emergency is supposed to happen we will go flying off the fiscal cliff and not like these guys that mean to do that but more like claf hanger cliff on the price is right for which going over the cliff is a dire mistake. you will hear this at thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand what he is freaking out about is n
CNN
Nov 23, 2012 4:00pm PST
at the fiscal cliff, there's a lot of bad policy, particularly on the side of the bush tax cuts. particularly for those on the higher end that cost a lot of money, that don't provide a will the of benefit to the economy. when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. 1, there's big news. presenting androgel 1.62%. both are used to tre
CNN
Nov 21, 2012 11:00pm PST
facing this fiscal cliff and it's scary. so i'm about to have to do things you don't like. but be assured that my heart is in the right place. >> rolan what about this? they voted for obama. but when you look at how many people cnn poll last week, 51% of this country oppose the health care bill. 42% favor it. maybe boehner is on to something. >> no, he's not. because frankly we got to go look at those numbers. remember, there are significant number of people in this country who felt that the bill should have gone further. there are people -- again, simply not oppose and favor. you look at the number of the polls done, a lot of people said they want a single pair option. yeah, i don't favor this one. >> i want canada. >> i favor universal health care. let me be clear. let me channel the obama administration for a second. this is how they're responding to the proposal. next! it ain't going to happen. he can sit here and sing all day saying put it on the table. trust me, it's not going to be on the table. so it's cute. it's an op-ed, it's great. but trust me, even he knows, the president is
FOX News
Nov 22, 2012 2:00pm PST
giving. this is a democratic idea. i'm interested to see what happens with the fiscal cliff. >> i think it's terrible they're taking the deduction away from the billion dollar a year hedge fund people and it's horrible. >> and on your list of things not to bring up, fiscal cliff? >> it was? on the woman's day list. >> and a cool guy. >> fiscal cliff, is going to be-- >> and greg, you want to get out of here. >> i do want to get out of here. what year was the first thanksgiving celebration. 1953? i know you thought it was earlier. bob gives us all a history lesson next. ♪ homeward bound ♪ home, where my thoughts escaping, home where my music is playing ♪ ♪ where my love lies waiting silently for me ♪ ♪ >> in washington the big story on this thanksgiving day is cease-fire on middle east. tonight on special report, this is the first day of the truce brokered by egypt and the u.s. of course, the question, how long will will it last. tensions remain high, we will have a live report from jerusalem. president obama is calling for a unity on this thanksgiving day and urging america
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